Stellantis posts 5.9% rise in 2023 European registrations
Reuters
Published Jan 12, 2024 11:09
MILAN (Reuters) - Stellantis said on Friday its vehicle registrations in Europe rose 5.9% last year, giving the automaker an 18.4% market share in the region.
The performance consolidates Stellantis' position as the second largest player in the 29 main European markets where it operates, the group said in a statement, behind the Volkswagen (ETR:VOWG_p) Group.
Stellantis was 2023 market leader in France and Italy, its two home markets.
"Our full-year sales performance reaffirms our position as the unrivalled challenger for the #1 spot," said Uwe Hochgeschurtz, Stellantis Chief Operating Officer, Enlarged Europe.
In the fully-electric (BEV) vehicle segment, where Stellantis' range includes models such as the Fiat 500e, Opel Corsa electric, and Peugeot e-208, the group's registrations increased 14% year on year in 2023, for a 14.2% market share.
With "several" new BEV models expected this year, Stellantis said it was on track to double its all-electric offering in Europe by the end of 2024.
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Written By: Reuters
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